Refined Petroleum in India 2020 Exports | Imports : $25.3B | $5.46B, World Rnk 5 / 212 Rnk 1 / 1215 | World Rnk 23 / 224 Rnk 10 / 1207
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $626M | $646M, Australia | Iraq
2020 ECONOMIC COMPLEXITY of India: 0.56, Rnk 40 / 127
2020 PRODUCT COMPLEXITY IN Refined Petroleum: -0.94, Rnk 822 / 1029
Exports In 2020, India exported $25.3B in Refined Petroleum, making it the 5th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in India. The main destination of Refined Petroleum exports from India are: Singapore ($3.12B), United Arab Emirates ($2.9B), United States ($1.63B), Netherlands ($1.44B), and Malaysia ($1.27B).
The fastest growing export markets for Refined Petroleum of India between 2019 and 2020 were Australia ($626M), Venezuela ($491M), and Saudi Arabia ($226M).
Imports In 2020, India imported $5.46B in Refined Petroleum, becoming the 23rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 10th most imported product in India. India imports Refined Petroleum primarily from: United Arab Emirates ($1.16B), Iraq ($945M), Singapore ($499M), South Korea ($495M), and Malaysia ($403M).
The fastest growing import markets in Refined Petroleum for India between 2019 and 2020 were Iraq ($646M), China ($92.2M), and Malaysia ($36.4M).
Tariffs In 2019, the average tariff for India in Refined Petroleum was 9%. The countries with the highest import tariffs for Refined Petroleum were Japan (Most Favoured Nation duty rate treatement, 10%), Angola (Most Favoured Nation duty rate treatement, 9.31%), Botswana (Most Favoured Nation duty rate treatement, 9.31%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 9.31%), and Cameroon (Most Favoured Nation duty rate treatement, 9.31%).
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2020): $25.3B
IMPORTS (2020): $5.46B
NET TRADE (2020): $19.9B
In 2020, India exported $25.3B in Refined Petroleum. The main destinations of India exports on Refined Petroleum were Singapore ($3.12B), United Arab Emirates ($2.9B), United States ($1.63B), Netherlands ($1.44B), and Malaysia ($1.27B).
In 2020, India imported $5.46B in Refined Petroleum, mainly from United Arab Emirates ($1.16B), Iraq ($945M), Singapore ($499M), South Korea ($495M), and Malaysia ($403M).
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR India WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY India WERE (2019 - 2020):
In 2020, India's main exporting competitors in Refined Petroleum were:
In 2020, India's main importing competitors in Refined Petroleum were:
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